$999,900
3205 Pacific Way, Longview, WA 98632
4,208 Sq Ft
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MLS #2541624 / Listing provided by NWMLS & Cascade Sothebys Int Realty.

$999,900

3205 Pacific Way
Longview, WA 98632

Active 20 hours ago
4,208
Sq Ft
$238
Per Sq Ft
1999
Year Built

Twin NNN Leased Care Homes at 7.44% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, purpose-built 6-bedroom adult family homes, each independently licensed and operated since construction by separate businesses. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 7.44% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and maintenance, leaving ownership largely passive. Two separate operators reduce tenant-concentration risk versus a single-tenant net lease. Purpose-built construction means no costly retrofitting for licensing or accessibility. Both homes sit on a large third of an acre. Both homes were designed from the ground up for residential care use. New roofs on both buildings (2019) minimize near-term capital needs. Located in Longview, WA, along the I-5 corridor between Portland and Seattle, serving a stable regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 8
  • Total Uncovered Parking Spaces: 8

Structure

  • Roof: Composition
  • Exterior Features: Cement/Concrete
  • Foundation: Block

Lot Details

  • Acres: 0.68
  • Foundation: Block
Area Features

Schools

  • High School District: Longview

Lot Details

  • Acres: 0.68
  • Foundation: Block
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 0
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